Posts tagged "France"
France’s Unemployment Rate Reaches an All Time High
PARIS – The number of jobless people in France rose for the fifteenth consecutive month. Figures show that the unemployment rate has reached its highest in over 13 years. Clearly bad news for the French economy this indicates that it has reached the point of stagnation. The data released by the Labor Ministry showed...
Fukuyama Says the Euro Should Not Continue
According to an estimate made by estimated an American political scientist Francis Fukuyama, the European Union will survive the current financial crisis, but Euro as the single currency in the region may not. “I do not think the European Union as such will collapse, but I think the Euro cannot continue. I think there should...
Societe Generale saw its profits fall by 39% in 2011
Societe Generale announced a 2011 net profit of 2.38 billion euros, down 39% compared to 2010, mainly due to losses recorded in bank financing and investment. The bank remains cautious for 2012. She expects a very volatile environment. Societe Generale said Thursday net income in 2011 of 2.38 billion euros, down 39% compared to 2010....
